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Showing 187 biases.

Not Enough Meaning

We simplify probabilities and numbers to make them easier to think about

Survivorship bias

Description

The logical error of concentrating on the people or things that "survived" some process and inadvertently overlooking those that did not because of their lack of visibility.

Survivorship bias in business decision

Studying only successful companies to understand keys to success, while ignoring the vast number of failed companies that might have followed similar strategies, leading to flawed conclusions.

Survivorship bias in personal life decision

You try to emulate the success of famous entrepreneurs but ignore the many who failed with similar ideas.